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Ethereum: How are ERC20 tokens sold on an ICO before appearing on exchanges?

In many places, there is talk of tokens being listed on exchanges AFTER being sold in a successful ICO.

How was the token sold during the ICO? Buyers transferred ETH / BTC to some addresses and hoped to get tokens in return? Maybe buy a little to try it and increase?

It seems like ERC20 is just a protocol for ETH smart contracts that enables token transfer. That doesn't seem to require any guarantee that the buyer gets the token.

So in practice for successful ICOs, how does the token purchase process work without an exchange? Have smart contracts been developed that can guarantee that if someone sends ETH to an address, they are guaranteed to receive this new token at an address they control?

And finally, how do they gain control of the direction in the first place? If the sender assigns them an address, then the sender does not have the power to access it later? If it's an ETH token, maybe they can use their own private key or something?

Basically I'm looking for a full technical explanation of what happened in the successful ICOs at the level of the actual sale and issuance of the new token on some account.

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After hours of research for a python .exe icon extractor, I didn't find anything reliable.

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I do not own or manage. The information has been published here for discussion only.

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investment.png "data-src =" https://www.sqmonitor.com/images/investment.png "src =" https://topgoldforum.com/applications/core/interface/js/spacer.png "/><br />Date: 11/21/2019 4:16 PM<br />Account from: U22009576<br />Quantity: -30.00<br />Currency: USD<br />Batch: 290381089<br />Memo: Payment of the shopping cart. Deposit in icocointrade.io User sqmonitor.
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graphics: how can I create an .ico file with all the different resolution sizes within a container?

I was watching this GOG.ico on ffmeg, and I was surprised to see all the transmissions for him … which indicates that it contained several images in the .ico or .ico container has some kind of self-creation function where it generates the Resolutions of A unique image based on the condition? Or maybe I'm thinking about it too much and it's just a container with 7 different image variants stored inside?

Regardless, I was curious about what the creation method was for this .ico in a hybrid, and how to replicate it. I'm already familiar with how to create a unique .ico image using gimp and / or ffmpeg … gimp is probably using ffmpeg. If there are 7 images, they can be assigned to several sequences of the .ico container using a tool like ffmpeg.

However, what is a more automated workflow that people use to create this kind of elaborate .iso?

enter the description of the image here